GEORGIA

Secretary of State	website Business: 404-656-2817
Department of Revenue	Tax Professional 1. Hot line: (404) 417-2395 2. Login 3. website | website 2 Other Info – website General: 404-417-2100 Business: 404-417-6605 Submit Documents: Either online or email: taxpayer.resolution@dor.ga.gov Get Access to Client Account 1. Submit Power of Attorney (POA); takes up to to 48 hours to approve 2. Login and add person. Goto More, Access Management, add access to another account, enter info
Corporation Division	Business Search Professional License Lookup
Department of Labor	Website Phone: (877) 709-8185
Certificate of Termination For LLC	For LLC. File Online – free 1. Go to https://ecorp.sos.ga.gov/ 2. Login 3. Click Termination 4. Or, Mail Form is $10: Form CD 415; see address on form
How Dissolve Business Corporation	Info Dept of Revenue Filing Fees 1. File Final Tax Return 2. Close Withholding Account – can closing online in Georgia Tax Center 3. File Dissolution Documents with Secretary of State – FAQs a. can file online – login Georgia Corporations Division b. or by mail, documents (fee if file by mail) c. select correct document for Profit vs NonProfit. 4. Dissolution Process a. File notice with official county news outlet (called official organ) a1. must publish within one day after filing intent to dissolve a2. publication must run once a week for two consecutive weeks a3. must call news outlet for price ($40?) to run publication b. File Intent to Dissolve (form 410) – online or via mail ($10 fee for mail) c. File Articles of Dissolution (form 412) – online or via mail ($10 fee for mail) 5. Cancel Permits, Licenses, Business Name with Department of Revenue 6. Can get Tax Clearance Letter online in Georgia Tax Center. All balances must be zero. Must be Current with: 1. All Taxes Paid with Department of Revenue 2. Annual Registration Filed News Outlets that Publishes Dissolution Notices 1. Legal Organ (newspaper or journal) for each county in Georgia 2. Fayette County. Fayette County News. Call 770-461-6317 for legal notices ($40 fee)
Withholding for Individuals	1. Can request Taxpayer Tax Return, check withholding for “Check Tax Type”. 2. Fee is $5.00 if return was paper filed. Or, $4.00 if return electronic filed 3. If you not taxpayer, must include Form RD-1062 Disclosure Authorization or RD-1061 signed Power of Attorney 4. Taxes 15 business days to process WG15 (does not provide withholding info; it’s to get wages info) 1. Document used by employers in Georgia to report employee wages and taxes to the Georgia Department of Labor. 2. for wage verification and unemployment insurance. 3. used to verify an individual’s earnings for the last four quarters, particularly in situations where they haven’t filed tax returns. 4. You need it If you have not filed income tax returns and require income verification. 5. Where to get it: By making an in-person request at any Department of Labor office with a photo ID.
Withholding for Film Credit Film Tax Credit Film Tax Withholding	Employer Tax Guide – guide / info Other Info – Form G2-FP – for Production Company to complete and give to the Loan-Out Company. It states the Loan-Out company’s Georgia income received and amount of withholding remitted to Georgia department of revenue. – Form G-2A – report withholding on nonresident member share of Georgia taxable income. Completed and filed by entity who submitted the withholding payment DIRECTLY to the Department of Revenue. a. Nonresidents are individuals who are not residents of Georgia at any time during the year, but have income subject to taxation in Georgia. b. Withholding for Nonresident Partnerships, LLCs, and S-Corporation. Must have a different withholding number (this is different from payroll withholding ID) – Form G2-LP – report withholding on lottery payments – Form G2-RP – report withholding on sales of transfer of real property – Form G2-FL – report withholding from Loan-Out company to Employees of Loan-Out company – Form G-1003 – Report and Pay withholding; can e-file – W-2: withholding from wages – 1099: withholding from contractors – Withholding Misc: production company withholdings. file and paid quarterly by production company – Withholding Tax: loan out company withholding. filed and pay payroll withholdings – G-7 Return – loan out company annual report of withholding paid for the year – G7-F (Film) – production company quarterly report of withholding paid to loan out company
What to File for Georgia Film Tax Credit	Production Company – info 1. Must register to obtain film withholding account; called Withholding Misc 2. Quarterly – File form G7-F (Film) and Pay the Withholding a. 2024: withholding rate is 5.75% b. Filing includes loan out company name, EIN or SSN, Georgia’s withholding ID (if known), and amount paid c. Must pay withholding using ACH debit of ACH credit 3. Yearly – Complete G2-FP and give to Loan-Out company (by January 31 yearly). a. This form is NOT sent to Department of Revenue Loan Out Company – info on what is loan-out company – Info – How Claim Withholding Reported on G2-FP and G2-FL – Must allocate withholding from production company (G2-FP) to folks that works for loan out company. Loan out company can have employees (W-2), contractors (1099), distributions to s-corporate owners (K-1), etc. – Withholding is allocated to each worker of loan out company based on the percent of time person worked in Georgia a. Georgia Wages = (# Days Worked in GA during year / Total Days Worked in Year) * Total Wages Earned in Year 1. Must register to obtain REGULAR withholding account; called Withholding Tax a. Previously Loan-Out company had to register to get a Film withholding account. That has since changed. A Regular withholding account is required. 2. Online, File from Withholding Tax (not Withholding Misc) 3. Yearly – file Form G-1003 by February 28 (file online, Georgia Tax Center) a. This is a Withholding Income Statement Transmittal Reconciliation used to report the total income taxes withheld from employees/contractors and taxes remitted to the state. b. This tells Department of Revenue about the withholding the production company withheld on behalf of loan-out company. c. When filing G-1003, answer “Yes” to withholding Georgia income tax. Loan-Out company has an indirect withholding. 4. Yearly – file Form (W-2, 1099); (G2-A, G2-FL) by February 28 a. W-2: report film credit withholding from wages b. 1099-NEC: report film credit withholding from contractors; due by January 31 c. Other 1099: report film credit withholding from contractors; due by February 28 d. G2-FL: report film credit withholding from production company to Georgia employees of loan-out company. e. G2-A: report withholding from nonresident members of flow-through entity; due by the earlier of the date such entity’s income tax return is filed or the due date for filing such entity’s income tax return without extension. 5. G2-FL a. allocate withholding from G2-FP to Georgia employees of the loan out company. This provides employee, contractor info to Georgia department of revenue b. when filing G-1003, answer “Yes” to withholding Georgia income tax. Loan-Out company has an indirect withholding. b. If no employees, no contractor and no nonresident flow-through entity, only need to file G1003, G2-FL. Nothing else needs to be file. Do NOT file G-7 Return or G-1003 (W-2,1099). It may say delinquent; just ignore. They are not needed. 6. Give copy of G2-FL to each employee, contractor, pass-through entity. They will file with their Georgia income tax return. 7. G2-FP amounts cannot be claimed on the loan out company’s income tax return Employee, Personal Individual Tax Return 1. Employee to include withholding amount on employee’s GA Form 500, line 24 (change to line 25 for tax year 2024). Type is G2-FL 2. Must report Georgia income to get withholding credit. Schedule K-1 counts as income, if income is from Georgia source 2. Employee to attach copy of G2-FL (from loan-out company) with tax return For Corporate Tax Return 1, G2-FP amounts cannot be claimed on the loan out company’s income tax return
How S-Corp Loan-Out Company can handle Film Withholding / Tax Credit	Since Loan-Out Company cannot claim Film withholding (G2-FP) on it’s tax return, here is an alternative when Loan-Out company is an S-Corp: 1. S-Corp: Do NOT elect to pay taxes at entity level. Instead, let taxes, income, deductions, credits flow to individual owner(s). a. Do NOT complete Schedule 1 on Form 600S 2. Individual owner claim Film withholding credit a. Enter withholding amount on GA Form 500, line 24 (change to line 25 for tax year 2024). Type is G2-FL.
Schedule K-1 Georgia Schedule K-1	Georgia does NOT have Schedule K-1. It has K-1 Equivalent. Equivalent Info, Georgia Dept of Revenue Info Instead of Schedule K-1, Georgia uses other ways to pass-through income, deductions and credits from s-corporation, partnerships and other to individual owners. 1. Pass-Through income, deductions, credits; INDIVIDUAL PAYS a. Do NOT complete Schedule 1 on Form 600S (S-Corp) and Schedules 1 and 3 on Form 700 (Partnership). If info is entered into any of these schedules, then the return will receive a balance due once processed. 2. NOT Pass-Through income, deductions, credits; ENTITY PAYS a. Complete Schedule 1 on Form 600S (S-Corp) and Schedules 1 and 3 on Form 700 (Partnership). b. The election must be made by the due date or extended due date of the entity’s income tax return and is irrevocable after the applicable due date passes. 3. How do Owners report their share of income or loss of the entity (S-Corp, Partnership). I.E., For owners of a passthrough entity that have elected to pay tax at the entity level, and want to report owner’s share on owner’s taxes: a. Owners Report Share of LOSS: enter the allocable share of loss that was apportioned and allocated at the entity level on Schedule 1, Line 5 of Form 500 with description PTEADD b. Owners Report Share of INCOME: enter the allocable share of income that was taxed at the entity level on Schedule 1, Line 12 of Form 500 with description PTEDED.
Net Operating Loss 500-NOL 500 NOL	flow to Form 500, page 3, line 15b 1. Form 500-NOL: This is the primary form for calculating and establishing your Georgia NOL with the Department of Revenue. It is used whether you are carrying the loss back or forward. A timely filed and approved Form 500-NOL is required to utilize an NOL on your annual Georgia income tax return (Form 500). 1a. In order to utilize an NOL on Form 500, Form 500-NOL must first have been timely filed and approved by the Georgia DOR. Do not include an NOL on Form 500 if this form has not been filed, otherwise the Georgia DOR will recalculate the return and send a bill for the deficiency. 1b. To File / Claim Net Operating Loss, you MUST complete and mail form 500 NOL. 1. Yes, form must be mailed. You cannot fax or upload online 2. Mailing Address is on Page 2 of Form 500-NOL, above signatures NOTE 1: Get 500-NOL form here – (instructions on last pages of 500-NOL form) (other info here) a. click 500 NOL – Application for Net Operating Loss Adjustment for Individuals and Fiduciaries b. start with Page 3 – Computation of Net Operating Loss, to determine if you have NOL c. if you have NOL, then file form 500-NOL with form 500. d. if you have NOL, 500-NOL must be file in the year you have a loss, so Georgia has the loss on file e. Instructions on last pages of 500-NOL form 2. Schedule 4: This form is titled “Net Operating Loss Application”. It should be completed based on the information from your Form 500-NOL to apply the loss to your income tax return (Form 500).  2a. Schedule 4 must be completed and filed with the 500 or 500x return, no later than 3 years from the due date of the loss year income tax return, including any extensions granted 3. Calculating NOL / Key filing procedures for Form 500-NOL a. The Georgia NOL is calculated separately from the federal NOL. b. Only amounts attributable to Georgia can be used c. For NOL carryforwards: You must file Form 500-NOL by the due date of the loss year’s return to establish the loss in the state’s system. d. For NOL carrybacks: You must file Form 500-NOL no later than three years from the due date of the loss year’s income tax return to claim a refund. e. Form 500-NOL cannot be attached to Form 500. It must be filed separately. f. Do not use Form 500-X to carry back a loss —-Lacerte —— 1. 500-NOL (note: you can run some number, but lacerte does NOT print this form) You must go to Georgia website to complete and print form. a. goto Screen 57, St. Other b. in top left click Georgia Form 500-NOL c. Section Net Operating Loss Adjustment, can enter overrides d. To remove / zero out NOL for current year, enter -1 in Net operating loss utilized in current year e. flow to Form 500, page 3, line 15b 2. Print Schedule 4 in Lacerte a. goto Screen 57, in top left click Georgia Form 500-NOL b. Section Net Operating Loss Adjustment, check box Print Schedule 4 (Mandatory) c. Print Schedule 4 by going to Forms window, Sch 4; print and mail to Georgia Other Info Old versions of 500-NOL – Here
Penalty Waiver	Form TSD-3 Can file online or mail form ??? Do you have to pay the penalty first, before filing a waiver request Online 1. After login, select client 2. In bottom right, click see more 3. On left side, Request, click Request Waiver of Penalty